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Title: In a first, gas and other fuels are top US export
Source: yahoo
URL Source: http://news.yahoo.com/first-gas-oth ... s-top-us-export-200739553.html
Published: Dec 31, 2011
Author: Chris Kahn
Post Date: 2012-01-02 10:52:05 by lucysmom
Keywords: Drill Baby Drill
Views: 5231
Comments: 16

NEW YORK (AP) — For the first time, the top export of the United States, the world's biggest gas guzzler, is — wait for it — fuel.

Measured in dollars, the nation is on pace this year to ship more gasoline, diesel, and jet fuel than any other single export, according to U.S. Census data going back to 1990. It will also be the first year in more than 60 that America has been a net exporter of these fuels.

Just how big of a shift is this? A decade ago, fuel wasn't even among the top 25 exports. And for the last five years, America's top export was aircraft.

The trend is significant because for decades the U.S. has relied on huge imports of fuel from Europe in order to meet demand. It only reinforced the image of America as an energy hog. And up until a few years ago, whenever gasoline prices climbed, there were complaints in Congress that U.S. refiners were not growing quickly enough to satisfy domestic demand; that controversy would appear to be over.

Still, the U.S. is nowhere close to energy independence.

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#2. To: lucysmom (#0)

For the first time, the top export of the United States, the world's biggest gas guzzler

Obama killed the economy, we have no industry left so we need less fuel. My truck burns very little sitting in the driveway all day.

Happy Quanzaa  posted on  2012-01-02   11:06:38 ET  Reply   Untrace   Trace   Private Reply  


#3. To: Happy Quanzaa (#2) (Edited)

Obama killed the economy, we have no industry left so we need less fuel. My truck burns very little sitting in the driveway all day.

You Bushbots are just too funny. That must be why you never see a truck on those clogged California freeways.

We are exporting fuel because other countries are willing to pay more for it and we are getting more mileage per gallon per vehicle.

mininggold  posted on  2012-01-02   11:12:13 ET  Reply   Untrace   Trace   Private Reply  


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